Tag: Blockchain

uatp-partners-with-bitpay-to-tap-into-cryptocurrency’s-growing-payment-popularity

UATP Partners With BitPay To Tap Into Cryptocurrency’s Growing Payment Popularity

September 8, 2021 Published by

 

UATP is proud to be partnering with the world’s largest provider of Bitcoin and cryptocurrency payment services, BitPay, to offer its Network the ability to accept payments quickly and easily in Bitcoin, Dogecoin, Ethereum, Litecoin and six other popular cryptocurrencies for travel.  Travel and leisure are among the top five items purchased with cryptocurrency based on a recent Pymnts.com survey.

“Cryptocurrency continues to gain momentum as a safe and trusted payment option, especially for high-value purchases like travel. BitPay’s partnership with UATP provides their customers with the inherent benefits of blockchain payments without having to handle, hold, or buy crypto themselves” said Stephen Pair, Co-Founder and CEO, BitPay. “UATP’s broad network of airlines are also now capable of reaching millions of new global customers who choose to pay with crypto regardless of what wallet they hold since BitPay supports all crypto wallets.”

Bitcoin has surpassed the $1 trillion market capitalization and is recognized as the 5th largest currency in the world. BitPay, a crypto payments pioneer, has processed more than $5 billion in blockchain payments since launching in 2011.

“The UATP – BitPay partnership brings together the perfect combination of two experts in airline and cryptocurrency payments,” said Ralph Kaiser, president and CEO, UATP. “Crypto payment stands to be a market changer in the industry; this partnership creates the opportunity for the airlines to attract new customers and to be a first-mover in this very exciting space.”

swiss-watch-brand-brings-authenticity-into-the-technology-era-with-blockchain

Swiss Watch Brand Brings Authenticity into the Technology Era with Blockchain

September 8, 2021 Published by

 

Globally recognized for its luxury Swiss watch collection, Max Finkel Moment utilizes blockchain technology to preserve the authenticity of each timepiece from manufacturing onwards. The company, originally founded in Switzerland in 1937, was recently re-established in the USA in 2021. Although the company headquarters is currently based out of Brooklyn, New York, the timepiece manufacturing remains in Switzerland, where a veteran team of watchmaking professionals expertly blend precision components with aesthetically pleasing casings.

Watch and jewelry counterfeits and the second-hand market have plagued the luxury sector since the eighteenth century. According to estimates by the Swiss Customs Service, some 30 to 40 million counterfeit watches are put into circulation each year. Max Finkel Moment states that these counterfeits cost 1.9 billion euros per year in related losses, particularly on the European market. This has led to the industry turning to computer technology to regain market authenticity.

The result is The WatchCertificate™, which uses an open and non-proprietary technology based on the blockchain Ethereum. “This blockchain technology allows the sole owner of the certificate to access it and to keep a digital duplicate of his timepiece throughout his life,” explains the company’s senior spokesperson, Paul Stein. “The WatchCertificate™ technology also enables numerous additional services, such as transfer of ownership, insurance and theft reporting.”

Using the original Max Finkel precept as a guide, the company launched a new product line, the Inaugural Collection. “We design watches that would be enduring enough to withstand the test of time, with but a hint of modernity,” Stein adds. The company is planning on new collections to be added yearly.

Max Finkel watches are Chronometer-certified and comply with the standard set by the Swiss Official Chronometer Testing Institute, are waterproof up to 10 ATM (the equivalent to 100 meters underwater), feature quartz movement and come with a leather strap that can be easily changed with the quick-release bar mechanism.

beyond-protocol-and-miami-swim-week-shows-announce-partnership-to-make-digital-transactions-in-fashion-industry-more-secure,-authentic

Beyond Protocol and Miami Swim Week Shows Announce Partnership to Make Digital Transactions in Fashion Industry More Secure, Authentic

September 7, 2021 Published by

 

Beyond Protocol, the distributed ledger technology platform, is partnering with Miami Swim Week Shows to host a high-level networking event and present the Future of Fashion at the NeueHouse Madison Square Library on Tuesday, September 7, 2021 from 4:00 PM ET to 9:00 PM ET.

Jonathan Manzi, CEO of Beyond Protocol and Moh Ducis, Founder & CEO of Miami Swim Week Shows will lay out the details of their new partnership, which will focus on providing companies in the fashion industry a more secure blockchain technology that ensures the authenticity of goods and services in cross-border digital transactions.

“Skepticism around cryptocurrencies and blockchain technology in the fashion industry has created a need for a more secure way to conduct cross-border digital transactions, and we’re excited to announce a partnership with Beyond Protocol to provide just that,” said Moh Ducis, Founder & CEO of Miami Swim Week Shows.

“Beyond Protocol is uniquely positioned to provide secure transactions because we can enable companies to trace the authenticity of goods and services traded across borders through hardware signatures from the original machines that made them,” said Jonathan Manzi, CEO of Beyond Protocol. “Companies in the fashion industry will be excited about the security of these transactions and future use cases that our technology will be able to provide.”

alchemy-pay’s-ach-lists-on-coinone-in-south-korea

Alchemy Pay’s ACH Lists on Coinone in South Korea

September 3, 2021 Published by

 

The world’s 14th largest cryptocurrency exchange by spot trading volume, Coinone, now supports trading and custody of Alchemy Pay’s utility token, ACH, for its market of predominantly South Korean traders. Trading of ACH began on Friday, September 3rd at 6pm KST.

South Korea has seen a huge jump in the adoption of crypto over the past 18 months, led by Coinone, with an unblemished security record.

“Coinone has built an exemplary reputation as a responsible, secure, and popular exchange,” said John Tan, CEO of Alchemy Pay. “Our listing on Coinone will be an excellent point of reference and awareness for crypto-fiat payment gateway clients in the South Korean market.”

Although the South Korean government has been receptive to cryptocurrency and blockchain technology, the increased crypto adoption among its citizens has meant the market has come under proportionate scrutiny from regulators. Among many Korean exchanges, only a few operate with identity verification procedures. Coinone is among the earliest adopters of KYC and AML guidelines. Along with Bithumb, Kobit and Upbit, Coinone is expected to be among the first exchanges to receive the complete set of regulatory approvals currently in effect for cryptocurrency exchanges in South Korea.

ACH is the ERC20 utility token that enables over 20 major cryptocurrencies to be spent by users with retailers online and in physical stores on the Alchemy Pay network. In order to use Alchemy Pay’s payment facilitation services, retailers pledge ACH on the network. Alchemy Pay uses the pool of pledged ACH as collateral to access liquidity from its larger institutional partners and payments, such as Binance and QF Pay. Transactions can occur on and offline, instantly and cheaply – at around 30% the cost of legacy card payments. This is achieved by leveraging State Channel Network and Lightning Network technology. Retailers are able to receive the payment in their local fiat currencies.

As an incentive for using this hybrid fiat-crypto payment network, retailers and customers are rewarded with ACH, a token that has risen more than 1000% in value since the start of the year as a result of  its rapidly-increasing number of partnerships across the globe and a recent Coinbase listing. ACH also grants holders various shopping rewards in a similar way to a loyalty card. Alchemy Pay is also planning to launch a virtual credit card – which can be linked to digital wallets like Google Pay and Paypal – in partnership with Visa and Mastercard, which is expected to be in production with its first users by the end of 2021.

“Fully integrated fiat and crypto payments for everyday purchases have long been an ambition of cryptocurrency holders and developers,” said John Tan. “Alchemy Pay offers that, and ACH’s listing on one of the world’s largest exchanges is an indicator of growing support for the project, not only in Asia, but globally.” As a result of Alchemy Pay’s partnerships with other innovative platforms like Shopify, Binance, and QF Pay, it now has over 2 million touchpoints worldwide.

luto-cash-to-launch-it’s-gaming-platform,-launches-private-sale-for-$luto-token,-gets-backing-from-tokenoy

Luto Cash To Launch It’s Gaming Platform, Launches Private Sale for $LUTO Token, Gets Backing from Tokenoy

September 3, 2021 Published by
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Digital assets are going mainstream over the few years & have seen the online gambling world using blockchain technology to improve technology products & launch coins and tokens. According to NewZoo, the world’s trusted source for games and esports analytics and market research firm, the world’s 2.7 billion gamers spent $159.3 billion in 2020, and are set to surpass $200 Billion by 2023.

More and more people are spending their time online and money on competitive gaming activities due to several global restrictions that have further increased the interest in the eSports market.

Luto Cash Ecosystem, Platform & Digital Asset
A new entrant in the egmaing market, Luto Cash has recognised the potential in coupling the Blockchain and gambling industry. Luto Cash is building a decentralized eSports platform that creates opportunities for players who want to monetize their gaming skills. Luto Cash platform uses their in-house LUTO token that can be staked by users for gaming challenges and more.

Luto Cash ($LUTO) Token Private Sale
Luto Cash ecosystem raising funds through private sale round. The funds will be used to market the token sale rounds, both presale and post presale round. The private sale round will be closed as soon as the soft cap of the round will be reached.

To take part in the presale you can connect a MetaMask, WalletConnect, Binance Wallet or Coinbase wallet and buy LUTO tokens at a current discount of 15% for whitelisted private sale participants. Following the pre-sale round, the LUTO token will be available for trading on Pancake Swap.

online-blockchain-plc:-cheap,-fast-and-easy-bridging-of-usdt-now-available-on-umbria-network

Online Blockchain plc: Cheap, Fast and Easy Bridging of USDT Now Available on Umbria Network

August 31, 2021 Published by

 

USDT can now be migrated cross-chain almost instantly and at minimal cost using Umbria’s Narni Bridge – bridge.umbria.network.

In addition to bridging the stablecoin quickly between the Ethereum Mainnet and Polygon network with extremely low fees, users can lend their USDT to the bridge in a system called pooling and earn APY (a return similar to interest on deposits). With Narni’s ‘pool and earn’ feature (https://bridge.umbria.network/pool/), liquidity providers receive fees when other participants bridge USDT between networks. Stablecoins are expected to accrue higher fee generation because of their popularity and uses.

Using the Narni bridge, it takes an average of 47 seconds at an average cost of just $2.80 to transfer USDT from the Ethereum network to the Polygon network (formerly Matic). Transferring USDT from Polygon to Ethereum takes an average of two minutes 12 seconds and costs on average $5.62. This is groundbreakingly quick and inexpensive with other methods costing many times more and taking much longer.

“With Narni, it’s a lot easier for people to use their crypto assets across different networks, and the addition of USDT is another milestone,” said Oscar Chambers, Co-lead developer of Umbria. “We’re going to be rapidly introducing other assets with an initial focus on stablecoins. We are already seeing the staking feature of the Narni Bridge attracting yield farmers to provide valuable liquidity to bridge the Matic and Ethereum communities and in return provide themselves with a lucrative return on their crypto.”

For more information about the bridge see the Umbria documentation page: bridge.umbria.network/docs and for feedback, questions and the very latest news about the Narni Bridge please head to our Discord channel.

See the latest data on UMBR on CoinMarketCap and CoinGecko:

https://coinmarketcap.com/currencies/umbria-network/news/

https://www.coingecko.com/en/coins/umbria-network

axtg-subsidiary,-tienchat,-expands-its-blockchain-decentralized-business-to-engage-in-cryptocurrency-mining

AXTG Subsidiary, TiENCHAT, Expands Its Blockchain Decentralized Business to Engage in Cryptocurrency Mining

August 26, 2021 Published by

 

AXIS TECHNOLOGIES GROUP, INC. (OTC: AXTG) (“AXTG” or the “Company”), a holding company that promotes decentralized finance businesses, and supports the development of blockchain and decentralized finance (DeFi) projects, is proud to announce that it plans to invest and engage in the mining of cryptocurrencies (specifically Ethereum (ETH)) through its wholly owned subsidiary, TiENCHAT.

The Company has assembled a team of industry veterans with years of experience in the management and mining of cryptocurrencies and in the technology to support the development and growth of digital assets.

The first order of 50 ETH enterprise miners is intended to start mining in the 4th quarter, 2021 in Singapore with each miner expected to generate on average approximately 1.5 Ethereum (ETH) per miner each month. The Company is seeking to rapidly increase the number of ETH enterprise miners under management to more than 1,000 ETH miners by the middle of 2022 with operations both in Singapore and in the US.

William Tien, President and CEO of AXTG commented, “We are optimistic about the positive outlook of the cryptocurrency market with Ethereum (ETH) prices closing yesterday at approximately $3327 per ETH, an increase of 751% from the price of $391 per ETH exactly this time last year. Our initiative to engage in cryptocurrency mining is an important part of our overall blockchain decentralized finance strategy. We strive to continually build a clean energy-based ETH mining network globally as we believe this mining initiative will generate valuable digital assets to help internally finance and accelerate the Company’s future growth”, further commented Mr. Tien.

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the Company’s industry and competition. The Company assumes no duty to update its forward-looking statements.

regulator’s-enthusiasm-for-the-blockchain-industry-at-the-indonesian-blockchain-conference-2021

Regulator’s Enthusiasm for the Blockchain Industry at the Indonesian Blockchain Conference 2021

August 26, 2021 Published by

 

The Indonesian Blockchain Conference (IBC) 2021 was successfully held by the Indonesian Blockchain Association (A-B-I or Asosiasi Blockchain Indonesia) on Monday (9/8). The annual conference organized by A-B-I attracted the public, industry players, practitioners, and academics to regulators in Indonesia. The rapid development of the Blockchain industry in Indonesia stimulated many innovative ideas in the Smart Regulation: Regulatory Framework for Blockchain-based Projects panel which was attended by: Dr. Jerry Sambuaga as Vice Minister of Trade Ministry, Dr. R. Edi Prio Pambudi, SE, MA as Expert Staff of Coordinating Ministry for Economic Affairs, Ms. Dwina Septiani Widjaya as President Director of PERURI, and Dr. Ir. I Nyoman Adhiarna, M.Eng as Acting Official Director Digital Economy of Ministry of Communication & Information Technology.

Vice Minister of Trade Ministry, Dr. Jerry Sambuaga expressed his hopes for the Blockchain Industry, one of which is the formation of the world’s first crypto bursa that is regulated by the government, the formation of this bursa is expected to provide certainty, clarity, and protection to investors, as well as prevent things such as money laundering and criminal acts or terrorism funding. Jerry emphasized, “when the bursa has been built, there will be kliring, there will be record-keeping, and so on it will be more visible to manage. We will make sure that it can be monitored and implemented properly.”

Dr. R. Edi Prio Pambudi, SE, MA as Expert Staff of the Coordinating Ministry for Economic Affairs shared his views on blockchain innovation, where industry players can take advantage of creative opportunities to innovate the Blockchain-based systems. Edi believes that if it can be realized, blockchain will no longer be known as a speculative instrument only, but a technology that can solve problems in the real sector, and on the other hand can still be an investment instrument. He briefly discussed the G20 plan for next year which “should be prepared as an arena to show that next year Indonesia is ready, we have a lot of talents, how do we invest to develop this, so this should be worked on” where many investors will attend, so the Blockchain Industry in Indonesia must leverage this opportunity to become something interesting.

Ministry of Communications and Informatics, represented by Dr. Ir. I Nyoman Adhiarna, M.Eng as Acting Official Director Digital Economy of Ministry of Communication & Information Technology also provided inputs for regulators to create regulations that are more flexible, or commonly called agile regulation or smart regulation. Nyoman said that “the big issue related to blockchain is that the application can be very diverse and very fast and we have to create regulations that can catch up with the acceleration of this application so we need to work together and look at best practices from other countries to find the best references”. Nyoman encouraged the Ministry of Law and Human Rights to think about how to find a break through for smart contract applications if later realized based on Presidential Regulation (PP) Number 5 of 2021 concerning the implementation of risk-based licensing in KBLI 62014 related to Blockchain technology security activities that are already prevailing.

The President Director of PERURI, Dwina Septiani Widjaya, showed her astonishment to see crypto asset investors who had already beaten the number of capital market investors, calling it unprecedented. Dwina hopes that the Blockchain Industry does not always have to rely on regulators to supervise, the most important thing is the association itself, “if we only rely on regulators, they often approach pure compliance while from us business people, we also need growth. Since we didn’t get the target as we [expected] to the shareholders, this is how we have to grow.” said Dwina closing the Smart Regulation: Regulatory Framework for Blockchain-based Projects panel at the 2021 Indonesian Blockchain Conference.

scienjoy-partners-with-global-friendship-exchanges-foundation-to-build-a-dedicated-tech-team-for-artists

Scienjoy Partners with Global Friendship Exchanges Foundation to Build a Dedicated Tech Team for Artists

August 25, 2021 Published by

 

Scienjoy Holding Corporation (“Scienjoy”, the “Company”, or “We”) (Nasdaq: SJ), a leading live entertainment mobile streaming platform in China, today announced that Scienjoy will cooperate with Global Friendship Exchanges Foundation (“GFE Foundation”) to commence a project of building a dedicated team of highly skilled engineers with AI and game development experience to help artists launch their non-fungible token (NFT) artworks on major platforms such as OpenSea, Rarible and Foundation as the Company is committed to cultivating cutting-edge technology and diverse entertainment for  its platform.

This is a continuous effort of Scienjoy and GFE Foundation, a U.S-based non-profit organization dedicated to supporting young artists around the world, under the strategic partnership between the two parties that was previously announced on July 7, 2021.

Scienjoy’s engineering team has extensive experience in developing big data technology including data insight, operational data analysis, marketing analysis, risk control platform, and intelligent recommendation engine, to support refined operation of products and businesses. The engineering team also has rich technological experience in AR through various projects, such as live broadcast of AR games, practical application of AR interactive marketing, intelligent beautification effects, and AR interactive scenarios. The team uses AI technology to develop solutions for intelligent customer service, natural language processing, speech recognition, speech synthesis, AI virtual anchors, face recognition, gesture recognition, human posture assessment, content security review, and real-time monitoring. These features have been applied to Scienjoy’s live broadcast platforms and have enhanced overall experience and interactions between livestream anchors and users. Tech team’s capabilities to provide technological support for minting and dropping NFTs will benefit artists and tackle any problems they might encounter in the process of launching their NFT artworks.

OpenSea is a peer-to-peer marketplace for crypto collectibles and NFTs. Since 2017 when it was founded, OpenSea has over 100,000 users and nearly 30 million NFTs. Rarible is an Ethereum-based platform that facilitates the creation, sale, and purchase of ownership rights to digital works of art via NFTs. Foundation, stylized as “Foundation.app”, is a platform for live auctions of digital art and NFTs and is a simple and easy-to-navigate suite for NFT artists and digital art enthusiasts to participate in decentralized auctions for an array of creative pieces. For more information about OpenSea, please visit its official website at https://opensea.io/about.

According to an industry report by Reuters, the NFTs market has reached a new high of $2.5 billion in sales in the second quarter of 2021 due to increasing popularity earlier this year. The sales on OpenSea continued to climb and reached nearly $150 million in June. Art remained in the third place for the number of non-fungible token sales in popular categories in the first half of 2021, trailing behind collectible and sports NFTs. For more information about the report, please visit the website at https://www.reuters.com/technology/nft-sales-volume-surges-25-bln-2021-first-half-2021-07-05/.

NFTs, which can be stored permanently on the blockchain, demonstrate the characteristics of indivisibility and tamper-proof and ensure the copyrights and scarcity of the artworks. Furthermore, artists are able to make transactions on their own and avoid potential involvement of intermediary agencies. As the digital art world is rapidly emerging, NFTs have become increasingly attractive to numerous artists.

Victor He, Chief Executive Officer of Scienjoy, commented, “Scienjoy is committed to providing artists with technical support, assisting artists with creating NFTs and dropping them on major platforms like OpenSea, the largest general marketplace for user-owned digital items. Dropping artworks on broad marketplaces is beneficial for young artists who not only present their identities to the general public in their early career but also generate their own fan base with a sense of acknowledgment for their artworks in return.”

By partnering with GFE Foundation, Scienjoy expects to launch a grand NFT exhibition with NFT artists and art galleries interested in art NFTs in the coming months in New York, to offer a platform for artists and galleries to share their thoughts and insights of the NFT art industry.

mercurity-fintech-holding-inc.-announces-changes-of-company-directors

Mercurity Fintech Holding Inc. Announces Changes of Company Directors

August 25, 2021 Published by

 

Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH) today announced that Mr. Liu Hao has resigned from his positions as the Company’s director, CO-CEO and Acting CFO due to personal reasons, effective on August 24, 2021. MFH also announced that Mr. Zhu Wei has been appointed as the Company’s Co-CEO, Acting CFO, director and Co-Chairperson of the Board. Mr. Deng Huahui, Mr. Li Minghao and Mr. Ding Laibin have been appointed as directors of the Board.

Mr. Zhu Wei is a well-known IT and blockchain expert and a fintech business investor. From 2012 to 2015, he worked as a marketing general manager of a training company.  From 2016 to 2018, Mr. Zhu served as vice president of Hong Kong Yuanrui Investment Group, responsible for big data research on high-frequency trading, match-making engine, computer software development and quantitative transactions. From 2019 to 2021, Mr. Zhu served as the CEO of Wan Xiang International Exchange Pte (Singapore), a group company engaged in providing Fintech solution for small and middle-sized enterprises. Mr. Zhu graduated from Yangling Vocational & Technical College with a background in computer technology.

Mr. Li Minghao is a blockchain technology expert with years of experience in research and development, and product design. In 2016, Mr. Li served as product director of Shenzhen Puyin Blockchain Group, responsible for the research and development of ACChain asset digitalization platform. In 2017, as co-founder, Mr. Li founded Shenzhen Maker Blockchain Technology Co., Ltd., engaged in providing blockchain technology solutions for enterprises. Since 2018, Mr. Li has been focusing on blockchain finance products, designing and implementing blockchain solutions for different business scenarios. Mr. Li obtained his bachelor’s degree in Electrical Engineering & Automation from Harbin University of technology in 2015.

Mr. Ding Laibin is an expert in marketing and development of emerging internet industry. In 2007, Mr. Ding joined Yili Group (600887.SH), where he served as the group’s global head of media. In 2017, Mr. Ding was invited to join INKE (03700.HKEx) as a senior vice president and head of marketing. In 2018, Mr. Ding established the Blockchain International Media Group (BIMG) and served as chairman of BIMG. Mr. Ding graduated from Chengdu University of Technology in 2007 with an undergraduate degree in business administration.

Mr. Deng Huahui has more than eight years of experience in corporate governance and team management. Mr. Deng was appointed as a technical & sales manager of Fujian Tianma Science and Technology Group Co, Ltd from 2009 to 2017. As an early investor in cryptocurrencies, he has developed a strong interest in smart contract architecture that deals with enterprise level blockchain-as-a-service with a focus on the adoption of advanced IOT integration with real-world applications. Mr. Deng holds a bachelor’s degree from Tianjin University in China.

Miss. Alva Zhou, the Chairperson and Co-Chief Executive Officer, commented: “On behalf of the board of directors of MFH and our management team, I would like to express our warm welcome to the four new directors and also give thanks to Mr. Liu for his contributions to the Company and wish him every success in the future.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend, ” “ought to, ” “plan, ” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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